Iran Boeing Deal

Iran taps Boeing to replace national carrier’s ageing aircraft

The Iranian government has penned a deal with the Boeing Company for the supply of 100 commercial passenger aircraft. In order to replace the ageing fleet of the country’s national carrier. While announcing the deal, Ali Abedzadeh, the Tehran civil aviation authority boss, revealed that the country needed to retire 230 of its 250 fleet of commercial passenger aircraft. This is due to ageing, that brings with it high aircraft maintenance costs. As such, the order of 100 fleet from Boeing will go a long way in filling the gap in the carriers overall aircraft replacement targets.

Iranian Government Priority

The fleet replacement has been one of the priority areas that the Iranian government has been keen to achieve. Following the lifting of an economic embargo imposed on the country by the United States. A move in collaboration with the UN Security Council. According to an AFP news article published on the Gulf News website:

“Iran has ordered about 200 planes from three Western manufacturers since mid-January. When economic sanctions were lifted following a deal on Tehran’s nuclear program.”

According to details published in an AFP news article, Abedzadeh clarified that the deal was yet to be sealed. Due to the fact his country was still ironing out crucial issues with Boeing’s management. In fact, Abedzadeh did not assign a timeline to the deal because it had to be approved by the US Treasury before further progress is made.

Confirmation from Boeing

The Boeing Company, on its part, confirmed the ongoing negotiations between its management and Tehran’s civil aviation authority. The Gulf News website quotes an email that Boeing sent to the AFP that says:

“We have been engaged in discussions with Iranian Airlines approved by the (US government) about potential purchases of Boeing commercial passenger airplanes and services.”

This news of Iranian state authorities opening up its economy to the West is going to generate excitement among contractor firms. Particularly those that are planning to set up shop in the country in the post-sanctions era.

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